SolarEdge Technologies Stock Forecast

SEDG Signals & Forecast

There are mixed signals in the stock today. The SolarEdge Technologies stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $304.87. On a fall, the stock will find some support from the short-term average at $290.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, March 17, 2023, and so far it has risen 13.75%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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Support, Risk & Stop-loss for SolarEdge Technologies stock

SolarEdge Technologies finds support from accumulated volume at $296.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $10.47 between high and low, or 3.53%. For the last week, the stock has had daily average volatility of 4.80%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SEDG) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect SolarEdge Technologies to open at $302.26, and during the day (based on 14 day Average True Range), to move between $287.55 and $320.35, which gives a possible trading interval of +/-$16.40 (+/-5.40%) up or down from last closing price. If SolarEdge Technologies takes out the full calculated possible swing range there will be an estimated 10.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $296.51 (2.45%) than the resistance at $315.43 (3.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SolarEdge Technologies stock A Buy?

SolarEdge Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.331 Open Broker Account

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